Exclusive - In Chinese port city, Japan's Toyota lays foundation to ramp up sales
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BEIJING (Reuters) - Toyota Motor Corp is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that's gathering pace as China-Japan ties improve, said four company insiders with knowledge of the matter. The Japanese auto maker's plan to boost annual production capacity by about a quarter in the port city will lay the foundation to increase sales in China to two million vehicles per year, a jump of over 50 percent, the four sources said.The..